Asian shares fell the
most in over a year on Monday as fears of resurgent inflation battered bonds,
toppled Wall Street from record highs and sparked speculation that central
banks globally might be forced to tighten policy more aggressively. MSCI's
broadest index of Asia-Pacific shares outside Japan shed 1.8 percent in the
largest daily drop since late 2016. E-Mini futures for the S&P 500 fell
another 0.44 percent, an unusually sharp move for Asian hours and suggesting
further losses in U.S. markets later in the session. Japan's Nikkei sank 2.4
percent, while Australia's main index lost 1.7 percent and Chinese blue chips
slid 1.1 percent.